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Building on yesterday’s theme around identity, banks have a major dilemma (as do all financial firms) and it’s all to do with trust. Banks trade on trust and yet how far can we trust them and how far can they trust us?  Banks don’t trust customers because customers may be fraudsters and it’s hard to…

In the taxi on the way home last night after (another) too long day in the office I was listening to a re-broadcast of what sounded like a BBC program on the current market conditions. I was very pleasantly surprised to hear it actually making sense – the talking heads chosen were happy to correct…

A while ago I wrote that Risk and Technology are the same thing with the theme that both need the bank’s line of business leaders to be on board.  Then, last week, I spent a few days at a risk management conference and what astounded me is how many people work in risk management, and…

Now that many of the banks with some losses in the US sub-prime area have reported it may be a good time to look back at what has happened and then look forward to what is likely to happen over the next 6 to 12 months. Current Situation Looking back, I am glad to be…

Try this out and see if you can figure out how it works … a special for Halloween. 

Try this out and see if you can figure out how it works … a special for Halloween. 

Try this out and see if you can figure out how it works … a special for Halloween. 

Try this out and see if you can figure out how it works … a special for Halloween. 

For those of you with ten minutes to spare and access to YouTube, if  you want a good laugh or cry, then here’s the Bird & Fortune* guide to the credit crunch.  Brilliant!   * for our overseas colleagues, John Bird and John Fortune are viewed by many as being the best business comedians in…

As someone involved in predicting the future, it amuses me how often we get things wrong. You’ve heard all the quotes: "a worldwide market of five", Thomas Watson of IBM’s prediction for the global computer market back in 1953, or "640kb of memory is enough for everyone" from Bill Gates.  So, when you get one…